Purefy Parent PLUS Loan Refinance Review
Purefy, which was formerly known as Cordia Grad, is a national online lender founded in 2014 and is based in Washington, D.C. and Richmond, VA. Purefy grew out of a community bank and its goal is to help college graduates and parents get out of student faster. In addition to low interest rates, Purefy offers 5, 8 and 12 year student loan repayment plans. Purefy has helped its borrowers save $10 million through student loan refinancing.
Purefy Parent PLUS Loan Refinance Overview
|Fixed Rate:||3.50% - 7.28%|
|Minimum Loan Amount:||$20,000|
|Maximum Loan Amount:||$350,000|
|Minimum Loan Term:||5 years|
|Maximum Loan Term:||15 years|
*Fixed and variable rates are based on APRs and include an ACH AutoPay interest rate reduction of 0.25%.
|Requirement||Description||Average Purefy Borrower|
|Credit History:||Strong credit history||-|
|Annual Income:||At least $42,000 (or $25,000 with a co-signer)||$95,000|
|Credit Score:||At least 700 (or 670 with a co-signer)||770|
|Debt-To-Income Ratio:||Less than 42%||27%|
Loan eligibility depends on a number of additional factors, including your financial history, career experience, and monthly income vs. expenses.
- Current loan information/documents
- Proof of income and employment (e.g., recent pay stubs)
- Lemonade Tip: Purefy’s maximum loan term is 12 years, which is among the shortest of all private lenders. The 8-year loan is popular because it enables you to pay off your loan within 10 years.
Applying is super easy – get your new rate within 2 minutes
*Checking your rate will not affect your credit score.
The Best Lenders To Refinance and Consolidate Parent PLUS Loans in 2017
Want to save money on your Parent PLUS Loans? These lenders represent our top Parent PLUS Loan refinancing picks for 2017, and may be able to help you save thousands of dollars on your Parent PLUS Loan by offering lower interest rates and lower monthly payments. That’s real money back in your pocket.
Learn your new Parent PLUS Loan interest rate in a matter of minutes.